Consumer Credit Counceling 101
Here we will go over what you can expect when you go through a consumer credit counceling program. The first step is realizing that you are having too big of a financial challenge and it's time to reach out for help.
Step1: Find a reputable firm to work with
The Justice Department has a list of approved consumer credit counceling programs throughout the US. Here is a link to their … [Read more...]

Debt Solutions for the New Year!
Have you missed a payment or two on some debts that you owe? Is your new years resoluiton to get out of debt? When you are looking for sensible debt solutions there are 4 main ways to get rid of it. We are going to go over the different ways and the impact they have on your financial life.
1. Pay it off on your own
If you have the ability to pay off your debt by yourself with only … [Read more...]

To Consolidate Debt or not to Consolidate Debt?
That is the question. The answer is ... most likely yes. If you have the creditworthiness to have several higher interest rate debts consolidated to a lower interest rate than it's hard to see why it wouldn't make sene to do. When thinking about consolidating your debt there is really only two considerations to make, will you have lower monthly payments and will you pay … [Read more...]

Top 3 tips for choosing debt companies -
Do you need help getting out of debt? You may want to look at debt companies as a solution. A good one will have a lot of experience and knowledge in what could be the best way for you to get out of debt. That being said it is wise for you to do your own due diligence before hiring one. With the economy still lagging there are still a lot individuals and families out there … [Read more...]

What does it mean to consolidate debt?
The short answer of what it means to consolidate debt is to bundle all or a portion of your current outstanding debt load and combine the balances owed and reduce the interest rate to on all of them to come up with a single payment that should be far less that all of the payments that were due combined.
Should you consolidate debt?
That is a great question that does not have a … [Read more...]

Credit Card Debt Consolidation
In the simplest of terms a credit card debt consolidation program is the process of negotiating with your current creditors to consolidate all of your indidual high interest rate credit card payments for one, lower monthly payment.
If you 've found yourself with more credit card debt than you can handle and your monthly payments have become overwhelming than a credit card debt … [Read more...]

Debt Negotiation is all about strength and weakness.
It can be a stressful situation when the debt collectors keep calling and all you want to do the right thing for yourself but have no idea what that is or how to do it. On the other side of the phone are trained debt negotiators looking to squeeze blood from your turnip. With a well crafted understanding of their tactics you can stay in a powerful position. Here are … [Read more...]

Bad Credit Debt Consolidation
If you have bad credit your debt consolidation options may come at a high price if even available at all.
Let's discuss first what debt consolidation is and how it may help you. Put simply debt consolidation is a new loan that will pay off all of your other loans. It used to be that this was a great option because you could probably get a new creditor to pay off all of your other loans … [Read more...]

Negotiate Debt on your terms
Getting better terms for your debt can be a tricky proposition, especially considering there are several options available to you. Also, the type of debt you have will dictate the best debt negotiation tactic to consider. For instance credit card debt is considered unsecured meaning that it's typically impossible to get rid of all it unless you qualify for Chapter 7 bankruptcy. If your … [Read more...]

The Impact of a Debt Consolidation Loan on Your Credit
Debt consolidation loans have become popular among people entangled in a mire of debt, hoping to get rid of financial obligations and tidy up their credit records. Be careful though because although this debt relief program can bail you out of debt and restore your credit score, it also has the potential to damage your finances and credit rating. How the program … [Read more...]

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We want to create a singular place online to access practical information on understanding the ramifications of debt with your financial life. We hope you find this site useful and if there is anything we can do to make it better, please let us know.